IPO Market 2021: The IPO market has been stirring since the second half of last year. In the year 2021 too, investors have made good money from the IPO market. In the hope of better economy ahead, many companies are preparing to launch IPOs. In the same sequence, soon more 2 IPOs of companies are going to enter the primary market. Among these companies are Arohan Financial Services and Dodla Dairy, which have received market regulator SEBI approval for the IPO. These two companies had submitted documents with SEBI on 15 February and got the objections on 23 April.
Explain that for the IPO, FPO and rights issue of any company, the observation of SEBI is very important. The shares of both companies will be listed on both the NSE and BSE stock exchanges. According to market sources, Arohan Financial Services has plans to raise Rs 1750-1800 crore from this IPO.
Arohan Financial Services
Arohan Financial Services is the promoted company of Avishkar Group. According to documents submitted to SEBI, 850 million rupees will be raised in the IPO of Arohan Financial through a fresh issue. While an offer for sale of 2,70,55,893 equity shares will also be brought in it. Under the offer for sale, Maj Invest Financial Inclusion Fund II K / S, Michael & Susan Dell Foundation, Tano India Private Equity Fund II, TR Capital III Mauritius and Aavishkaar Goodwell India Microfinance Development Company II Ltd will reduce some of their stake.
Funds Used: The proceeds from the fresh issue of Arohan Financial ServicesIPO will be used to expand the company’s capital base and meet its future capital needs.
Book running lead manager: Edelweiss Financial Services, ICICI Securities Limited, Nomura Financial Advisory & Securities (India) Private Limited and SBI Capital Markets Limited are the book running lead managers for the issue.
Dodla Dairy
The IPO of Dodla Dairy will include a fresh issue of shares up to Rs 50 crore and an offer for sale of 10,085,444 equity shares. In the IPO offer for sale, TPG will sell its holdings in Dodla Dairy Holdings Pte Ltd, Dodla Sunil Reddy, Dodla Deepa Reddy and Dodla Family Trust. Dodla Dairy operates in the four southern states of the country, Andhra Pradesh, Telangana, Karnataka and Tamil Nadu. Apart from this, the company also has business in Uganda and Kenya.
Amount Used: The money received from the IPO will be used by Dodla Dairy to meet its capital expenditure requirements and general corporate functions in addition to repaying its debt.
Book running lead manager: The book running lead managers for this IP are Axis Capital and ICICI Securities.
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